North America Aroma Chemicals Market Size & Outlook
North America aroma chemicals market, 2018-2030 (US$M)
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North America aroma chemicals market highlights
- The North America aroma chemicals market generated a revenue of USD 1,600.2 million in 2022.
- The market is expected to grow at a CAGR of 3% from 2023 to 2030.
- In terms of segment, esters was the largest revenue generating product in 2022.
- Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,600.2 million |
| Market revenue in 2030 | USD 2,026.5 million |
| Growth rate | 3% (CAGR from 2022 to 2030) |
| Largest segment | Esters |
| Fastest growing segment | Esters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Esters, Alcohols, Aldehydes, Phenols, Terpenes |
| Key market players worldwide | Basf SE, Takasago International Corp, Kao Corp, Givaudan SA, Symrise AG |
Other key industry trends
- In terms of revenue, North America region accounted for 21.4% of the global aroma chemicals market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,893.0 million by 2030.
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Aroma Chemicals Market Scope
Aroma Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America aroma chemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aroma chemicals market will help companies and investors design strategic landscapes.
Esters was the largest segment with a revenue share of 31.24% in 2022. Horizon Databook has segmented the North America aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
Aroma chemicals market is expected to grow moderately in countries such as the U.S., Canada, and Mexico owing to growth in low-carbohydrate and low-fat foods & beverages and consumer goods, and growing food processing industries.
Additionally, rising consumer preference toward healthy lifestyle has increased the demand for healthy foods as well as organic cosmetics in North America which is further estimated to trigger the demand for aroma chemicals in the near future.
The low-fat foods & beverages require additional flavors to augment taste of the final product. High prevalence of obesity and growing demand for low-calorie food are estimated to boost the demand for a variety of flavors, which is further anticipated to drive the demand for aroma chemicals.
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Our clientele includes a mix of aroma chemicals market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America aroma chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into North America aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America aroma chemicals market size, by country, 2018-2030 (US$M)
North America Aroma Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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